July 17, 2007

Daily Bankruptcy News

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Law:

NY Partner, Firm Sued Over Too-High High Court Bills After Supreme Defeat
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Facing Defections and Less Work, Firm Names New Leader
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Allen & Overy's record year triggers new bonus
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More Money for Electrical Engineers?
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Baker & McKenzie rolls out rewards for bumper UK results
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Law firm takes client to bankruptcy court
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Cutting Trial War Rooms Down to Size
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Billionaire Gets Calif. Justices' OK to Sue Judge, Lawyer
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King & Spalding Opens N.C. Office
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The History of Allen & Overy: 1971 - 1998
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Lawyer Arrested for Secretly Taping Client
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Cooley Godward Kronish Expands to Boston
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Say What?!
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Baker Donelson Law Firm Combining With Gambrell & Stolz Of Atlanta
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Texas' top law firms kick in bucks for Hecht defense
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Freshfields reveals £24m severance costs
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Breaking up is hard to do
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Freshfields under fire as new age claim emerges
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Freshfields on the back foot as ex-partner paints bleak picture of pension reforms
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British Lawyers are Unhappy, Too
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Law Firms Ink Big Deals in Hot India Market
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How Not to Get a Job
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Accounting:

Judge Drops Charges Against Former KPMG Executives
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The KPMG Case for Dummies
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KPMG Judge Drops Tax-Shelter Case Against Executives
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Utilities:

US Trustee says Calpine plan not ready for vote
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Judge gives utility time to deal
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Entertainment:

Bank releases funds to pay Wild West World employees
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Layoffs:

Flaws, loopholes deny employees protection mandated by WARN Act
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Wall Street:

Subprime worries hurt broad market but Dow rises
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Credit crunch gives banks a headache
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Hedge Funds:

Funds' leverage may threaten credit markets
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Enron:

Nevada regulators review plan to recoup Enron payments
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Banking:

Loan Spree to Hurt Small Banks
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Requirement Of Good Faith Implied In Chapter 7 Filings
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Bankruptcy court to post MP3s of proceedings
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Autos:

Volvo sale could help Ford fund UAW health-care trust
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Volvo Sale Rumors Still in High Gear
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Ford Seeking a Future by Going Backward
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Lear Shareholders Reject Icahn's $2.9 Billion Bid
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Lear Vote Is Big Bet on Detroit
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Lear execs in hot seat after deal dies
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Square dealer drives UAW
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Ross to pay $17 million for CandA plant
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UAW health fund looks promising
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Can the UAW Save Detroit?
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Chrysler exceeds goal for job cuts
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Powerless, retirees fear losing benefits
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Real Estate:

Alliance Bancorp seeks bankruptcy protection
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Home lenders get too much protection
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New Century Seeks More Time on Bankruptcy Plan
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Kirkbride Realty Faces Involuntary Bankruptcy
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Stocks, credit and dollar hit by subprime woes
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More Florida homeowners could face foreclosure
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Subprime on the Mind
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NovaStar Gets Cash
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NovaStar's Death Spiral Financing Deal With Mass Mutual
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Foreclosure rescue company sued
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Bonds rise on subprime fears
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Subprime Mess Might Prick Credit Bubble
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Religion:

Church Paying $2 Billion Abuse Bill
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Victims bitter at Cardinal Mahony
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Clergy abuse victims to get $7.5M
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San Diego victims weigh in
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Corporate Reform:

Two Lawyers Convicted Alongside Conrad Black
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SEC Probe Into VeriSign Options Is Made Formal
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Refco:

Refco: When Smart Money Isn't So Smart
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Pensions:

Tom's Foods Pension Plan Taken Over by Feds
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Tax:

Pre-Confirmation Sale Qualifies For State Stamp Tax Exemption
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Food/Drink:

Brewery saga a numbing ride
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Chemicals:

$110M forfeiture sought
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Bankruptcy Among Low- and Moderate-Income Households
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New Bankruptcy Opinions
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Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
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Recent Ch. 11 Filings
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Bankruptcy Jobs:

(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12)
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Bankruptcy Statistics:

AZ bankruptcies up 58% in last year
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More Ohioans going bankrupt
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Retailing:

Judge Approves Ronco Auction Rules
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Derivatives:

ACA Shares Fall 22 Percent on Subprime Debt Holdings
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Economy:

The models aren't ours any more
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Celebrity:

Michael Jackson to pay $250,000 unpaid lawyer fees: court
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Rembrandt, the Bankrupt
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Health Care:

MEDirect board in turmoil
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House Hearing on Bankruptcy and Medical Debt
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Golf:

Trump swings a deal
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Thornberry Creek Golf Club files bankruptcy
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Mass Torts:

Notice Of Hearing On Debtor's Motion For Approval Of Settlement And Buyback Agreement Among Travelers, ACandS Parties, And Other Parties
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Municipalities:

Meridian garnishes Marion's bank accounts
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Junk Default Rate Falls Again
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Get Rich From Bankrupt Companies
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Buyout Firms Should Publish Details of Debt
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Maxeda loans pulled over credit concerns
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Corporate Bond Risk Rises in Europe, Credit-Default Swaps Market
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UK:

Schefenacker, Seeking Bankruptcy, Flees Germany for UK Courts
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Britain is headed for financial meltdown as insolvency rates soar
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Insolvency practitioners going into schools to stem debt tide
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Metronet faces financial collapse
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E&Y's insolvency chief lined up for Metronet
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Insolvency set to triple over three years
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Russia:

Yukos Finance Up for Sale Already
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Austria:

BAWAG trial - all nine accused plead 'not guilty' at start of proceedings
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